US Paper Money: ‘Rainbow $50’ Tops CSNS Currency Auction Offerings

A high-grade and rare "Rainbow 50" Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 55 is expected to bring $175,000+ as the top lot in Heritage Auctions' April 27-May 2, 2016, CSNS Currency Signature® Auction held in conjunction with the annual Central States Numismatic Society (CSNS) Convention at the Donald E. Stevens Convention Center in Rosemont, Illinois.

"Only a grand total of 64 examples of the Rainbow $50 are enumerated in the Track & Price Census," said Dustin Johnston, Director of Rare Currency at Heritage Auctions. "PMG and PCGS combined statistics show that they've graded only four pieces higher with none equal to this one. It's just a superb AU note and we expect top collectors will stretch a bit to get it."

us50dollarsrainbow

A famed "Watermelon" 1890 Fr. 377 $100 Treasury Note PMG Very Fine 25 Net, off the market for two decades, makes an appearance in the auction, with an estimate of $150,000+, a pre-auction calculation equaled by a beautifully and broadly margined 1934 Dallas Fr. 2221-K $5,000 Federal Reserve Note PMG Choice Uncirculated 64, part of rare run that was discovered in the Lone Star State a decade ago.

A bright 1934 St. Louis District Fr. 2221-H $5,000 Federal Reserve Note PMG Choice Extremely Fine 45, one of just five known examples from the St. Louis District, has drawn early collector buzz with a pre-auction estimate of $115,000+, while an 1886 Fr. 313 $20 Silver Certificate PMG Extremely Fine 40, with a $60,000+ pre-auction estimate offers collectors a chance to acquire the finest offering of its kind in almost a decade.

Further highlights include, but are certainly not limited to:

This auction is open for bidding now at www.HA.com/currency.
 


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